A five-wave corrective pattern came to an end and a new upward reaction cycle began, after Gold confirmed a pivot low on July 27. However, it was not until after the TC (trend continuation) swing pattern that formed between August 6 and August 10, that the bullish TR pattern sequence was confirmed and new time… read more
Tag Archives: chart patterns
Swing Trading Strategies – What does the latest swing pattern say about Silver? [chart]
Swing traders understand that they need to capture the majority of the price move between consolidation pattern in order to be successful. They also understand that markets need to build energy, before a breakout, in order to continue a trend. One of my favorite energy patterns is the A-B-C continuation pattern and it has just… read more
Reversal dates for the week of August 23 – 27
Monday – Gold, S&P Tuesday – Soybeans, Dollar index, Eurocurrency Wednesday – Crude oil, British pound Thursday – Corn, Soybeans, Bean oil, Silver, S&P Friday – Dow Jones… read more
Swing Trading Strategies – Learn to read between the lines! [chart]
Dr. Alan Andrews stated that when a median line (the white center line) is drawn, from the most recent swings, the price should return to the medain line 80% of the time. This median line can be used as a target objective where the market will often form a new pivot. October Cattle first tested the median line on July… read more
Swing Trading Strategies – Sept Eurocurrency forms a bearish reaction swing, but is it time to sell? [chart]
After completing a bullish reaction cycle on the August 8th reversal date, September Eurocurrency has been in a downward price swing. The euro has posted two consecutive higher closes following several closes below the 20- day EMA. The corrective rally appears to be a bearish reaction swing and could be forming a new sell pattern. A trade below the August… read more
Swing Trading Strategies – T-Bonds reach target objective on projected reversal date. What’s next? [chart]
September Treasury bonds reached the target objective at 134-00, on the projected reversal/reaction date. In a classic “action-reaction’ fashion, the market reached the projected price level on the predicted reversal/reaction date. This is a good time to take a look back to see how the target objective and reversal/reaction date could have been identified two weeks earlier. The… read more
Reversal dates for the week of August 16 – August 20
Monday – Coffee Tuesday – Wheat Wednesday – Heating oil, Eurocurrency Thursday – RBOB gas Friday – Cattle, Feeder Cattle, Hogs, Soybeans, Crude oil, Silver, Canadian dollar… read more
Reversal date for the week of August 9 – August 13
Monday – Soybeans Tuesday – Japanese yen Wednesday – Corn, Treasury Bonds, Canadian dollar, Eurocurrency, Australian dollar Thursday – Soy meal Friday – Corn, RBOB gas, Gold, Dow Jones… read more
Swing Trading Strategies – Can Time and Price target objectives be projected in advance? By John Crane [chart]
On August 3rd, August Hogs traded at a new three month high, reaching 87.57, before reversing and closing as an “outside day” price bar with a negative close. The next day, the market collapsed and closed limit-down. Could the time and price of this significant high have been predicted? To answer this question, lets take a look at the ‘action/reaction” time and… read more
Swing Trading Strategies – Does the Canadian dollar still have room to run? [chart]
The Canadian dollar finished Tuesday’s projected reversal/reaction day (projected by using the reverse count form July 9 back to the low on June 24, with the forward count beginning on July 20.) with an “inside day” price bar. An “inside day”, on a reversal/reaction day, is considered a continuation pattern. Wednesday’s price action is also… read more